Central Securities Corporation $CET Shares Purchased by Shaker Financial Services LLC

Shaker Financial Services LLC raised its stake in shares of Central Securities Corporation (NYSEAMERICAN:CET) by 195.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 79,373 shares of the company’s stock after buying an additional 52,489 shares during the period. Central Securities comprises approximately 1.5% of Shaker Financial Services LLC’s holdings, making the stock its 17th largest position. Shaker Financial Services LLC’s holdings in Central Securities were worth $4,406,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new position in shares of Central Securities in the second quarter valued at about $29,000. IFP Advisors Inc purchased a new stake in Central Securities in the 2nd quarter worth about $42,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Central Securities during the second quarter valued at $92,000. Robotti Robert bought a new position in Central Securities in the 2nd quarter worth about $230,000. Finally, Susquehanna International Group LLP purchased a new position in Central Securities during the 2nd quarter worth $269,000. Hedge funds and other institutional investors own 8.68% of the company’s stock.

Insider Activity at Central Securities

In other Central Securities news, CEO John C. Hill bought 500 shares of Central Securities stock in a transaction that occurred on Tuesday, October 6th. The shares were bought at an average cost of $56.37 per share, with a total value of $28,185.00. Following the transaction, the chief executive officer directly owned 78,101 shares of the company’s stock, valued at approximately $4,402,553.37. This represents a 0.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.10% of the company’s stock.

Central Securities Price Performance

Shares of CET traded down $0.48 during mid-day trading on Wednesday, hitting $55.59. The company’s stock had a trading volume of 9,529 shares, compared to its average volume of 36,188. The company’s 50-day moving average is $55.37 and its 200-day moving average is $53.48. Central Securities Corporation has a 52-week low of $47.82 and a 52-week high of $57.39.

About Central Securities

Central Securities Corporation is a closed-end investment company listed on the NYSE American under the symbol CET. The company invests in a portfolio of securities with the objective of achieving long-term capital appreciation. As a closed-end fund, it raises capital through its permanent share structure and invests in publicly traded and, at times, privately held companies.

The fund’s portfolio may include common stocks, convertible securities and other investments across a range of industries and market sectors.